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$847,200

NAL Estimated Property Value

3438 River RD, Martindale, TX, 78655

Off MarketInfo

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size6.37 acres

Land Information

APN1000019-008-275-00
SubdivisionMorrison, Stephen B.
Land UseAgriculture / Farming
Legal DescriptionA019 MORRISON, STEPHEN B., TRACT B-4, ACRES 6.368
Census Tract960501
Assessed Land Value$846,850
Assessed Improvement Value$350
Assessment Year2025

About this property

This unrestricted live-water property is 6.38 AC and has 500+/- FT of frontage on the Spring-Fed San Marcos River. The property is loaded with native wildlife and diverse tree cover from Oaks, Cedar Elms, Hackberry, Cypress trees. This is a rare opportunity to own riverfront on this crystal clear, gravel bottom stretch of river. The San Marcos River is considered to be one of the most biologically diverse aquatic ecosystems in the Southwestern Region of North America. The constant flowing springs flowing into the river keep the water at 72 degrees year round. The property is located within the floodplain, the Buyer would need to build an elevated pad site for building. The neighbor has a home on the same elevation level next door. The property is accessed via a deeded easement from the paved River Rd. Electricity is on the property, but a well will need to be drilled for residential use.

Investor Tools

Property Icon
$847,200
Estimated Property Value
$499,348Estimated Mortgage Balance
$347,852Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,083 /month
Positive
Cash Flow Estimate:
$1,694 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,521/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,015
$847,200
2025
$846,850
$350
$847,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,015
$847,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southstar Bank Ssb
Conventional
$543,750
No
First
Dec 16, 2021
Dec 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$499,348
$347,852
41%
59%
$3,261/mo

City: Martindale

3438 River RD | Property Details | No Agent List